John Donaghey Sells 2,000 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) Stock

Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report) EVP John Donaghey sold 2,000 shares of the firm's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $140.00, for a total transaction of $280,000.00. Following the completion of the sale, the executive vice president owned 11,029 shares of the company's stock, valued at $1,544,060. This trade represents a 15.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Advanced Energy Industries Trading Down 2.0%

AEIS traded down $2.89 on Friday, reaching $140.73. 220,817 shares of the company traded hands, compared to its average volume of 284,634. Advanced Energy Industries, Inc. has a one year low of $75.01 and a one year high of $144.54. The firm has a fifty day simple moving average of $124.12 and a two-hundred day simple moving average of $113.74. The company has a market cap of $5.30 billion, a P/E ratio of 72.54, a price-to-earnings-growth ratio of 1.29 and a beta of 1.52. The company has a quick ratio of 3.28, a current ratio of 4.43 and a debt-to-equity ratio of 0.46.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its earnings results on Wednesday, April 30th. The electronics maker reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.26. Advanced Energy Industries had a net margin of 4.73% and a return on equity of 10.70%. The business had revenue of $404.60 million for the quarter, compared to the consensus estimate of $392.36 million. During the same quarter last year, the firm posted $0.58 EPS. The company's revenue for the quarter was up 23.5% on a year-over-year basis. As a group, equities research analysts expect that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Monday, May 26th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend was Friday, May 23rd. Advanced Energy Industries's payout ratio is 20.62%.

Hedge Funds Weigh In On Advanced Energy Industries

Hedge funds have recently made changes to their positions in the company. UMB Bank n.a. lifted its stake in Advanced Energy Industries by 42.9% during the 2nd quarter. UMB Bank n.a. now owns 313 shares of the electronics maker's stock valued at $41,000 after acquiring an additional 94 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Advanced Energy Industries in the 1st quarter valued at $31,000. Russell Investments Group Ltd. lifted its stake in shares of Advanced Energy Industries by 61.6% in the 4th quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker's stock valued at $41,000 after purchasing an additional 135 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Advanced Energy Industries in the 4th quarter valued at $47,000. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of Advanced Energy Industries in the 4th quarter valued at $51,000. 99.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AEIS has been the subject of several analyst reports. Wells Fargo & Company raised their target price on shares of Advanced Energy Industries from $110.00 to $130.00 and gave the stock an "equal weight" rating in a report on Friday, June 27th. Needham & Company LLC lowered their target price on shares of Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, May 1st. KeyCorp restated an "overweight" rating on shares of Advanced Energy Industries in a report on Wednesday, June 25th. Stifel Nicolaus restated a "buy" rating and issued a $130.00 target price (down previously from $135.00) on shares of Advanced Energy Industries in a report on Thursday, May 1st. Finally, Wall Street Zen upgraded shares of Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a report on Friday, June 27th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Advanced Energy Industries presently has an average rating of "Moderate Buy" and a consensus target price of $126.89.

About Advanced Energy Industries

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.